Tredegar Co. to Issue Quarterly Dividend of $0.12 (NYSE:TG)

Tredegar Co. (NYSE:TG) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Friday, December 13th will be paid a dividend of 0.12 per share by the basic materials company on Wednesday, January 1st. This represents a $0.48 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Thursday, December 12th.

Tredegar stock traded up $0.23 during midday trading on Tuesday, reaching $22.74. The company had a trading volume of 4,380 shares, compared to its average volume of 76,538. The company has a market capitalization of $746.38 million, a P/E ratio of 16.70 and a beta of 1.03. Tredegar has a 12-month low of $14.85 and a 12-month high of $22.77. The firm’s fifty day simple moving average is $21.12 and its 200-day simple moving average is $18.31. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.69 and a quick ratio of 1.13.

Tredegar (NYSE:TG) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.34 earnings per share for the quarter. The firm had revenue of $253.85 million for the quarter. Tredegar had a net margin of 7.56% and a return on equity of 11.77%.

Separately, ValuEngine lowered shares of Tredegar from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th.

Tredegar Company Profile

Tredegar Corporation, through its subsidiaries, manufactures and sells polyethylene (PE) plastic films, polyester films, and aluminum extrusions worldwide. It operates through PE Films, Flexible Packaging Films, and Aluminum Extrusions segments. The PE Films segment offers personal care materials, such as apertured films and laminate materials for use in feminine hygiene products, baby diapers, and adult incontinence products under the ComfortAire, ComfortFeel, and FreshFeel brands; elastic materials for use as components for baby diapers, adult incontinence products, and feminine hygiene products under the ExtraFlex and FlexAire brands; and three-dimensional apertured film transfer layers for baby diapers and adult incontinence products under the AquiSoft, AquiDry, and AquiDry Plus brands.

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Dividend History for Tredegar (NYSE:TG)

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